Arctic LNG 2: Utrenneye Field Discovers Two New Commercial Deposits
PAO NOVATEK today announced that upon drilling and testing of well #294 at the Utrenneye field, two new hydrocarbon deposits were discovered and commercial viability of the mid-Jurassic deposits was confirmed. The two new deposits’ reserves under the Russian reserve classification, subject to confirmation at Russian state reserves commission, are …
NOVATEK and JOGMEC Sign MOU on LNG Cooperation
Today, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and CEO of Japan Oil, Gas and Metals National Corporation (JOGMEC) Tetsuhiro Hosono, signed …
Yamal LNG Realized LNG Commissioning in Record Time
PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the …
NOVATEK and COSCO SHIPPING to Expand Arctic Transportation Collaboration
As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …
NOVATEK: Buys Geotransgaz and the Urengoy Gas Company at Auction
PAO NOVATEK won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participating interest in Urengoy Gas Company) from ALROSA. The acquisition price following the auction amounted to RR 30.3 billion. Geotransgaz holds …
NOVATEK Signed MOU with Saudi Aramco
PAO NOVATEK (“NOVATEK” and/or the “Company”) signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research …
NOVATEK Acquires South-Khadyryakhinskoye and Eurotek
PAO NOVATEK announced today the acquisition of AO South-Khadyryakhinskoye and AO Eurotek from AR Oil&Gas B.V., joint venture of AO Neftegazholding and Repsol S.A. AO South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located in close proximity to infrastructure of the North-Khancheyskoye field developed by …
NOVATEK: Acquires Severneft-Urengoy From EuroChem
PAO NOVATEK announced today the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure. The license contains estimated hydrocarbon …
NOVATEK Obtains New License Areas on the Gydan Peninsula
OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas located in the Yamal-Nenets Autonomous Region in the central part of the Gydan peninsula. The license duration is seven years. As of 1 January 2016, …
NOVATEK Signed Memorandum of Understanding with PTT
OAO NOVATEK announced today that a Memorandum of Understanding (MOU) was signed between NOVATEK and PTT of Thailand at a meeting between the Russian Prime Minister Dmitry Medvedev and the Prime Minister of Thailand Prayut Chan-o-cha. According to the MOU, the parties intend to cooperate and study potential joint opportunities …